How much house can I afford on $120,000 in Massachusetts?
About $416,000 with 20% down ($334,000 with an FHA loan), using Massachusetts's 1.01% property tax rate.
That is $238,867 less than the typical Massachusetts home ($655,219), so on $120,000 you'd look at cheaper areas or a smaller home. The payment of $2,800 covers $2,241 principal and interest, $351 property tax and $208 insurance.
Counties in Massachusetts you can afford on $120,000
3 of 14 counties have a typical home value at or below $416,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Berkshire County | $389,996 | +1.6% | 1.32% |
| Franklin County | $369,047 | +1.6% | 1.43% |
| Hampden County | $351,040 | +4.0% | 1.49% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.01% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Massachusetts
Frequently asked questions
How much house can I afford on $120,000 in Massachusetts?
About $416,000 with 20% down at 7.11%, keeping the payment (with Massachusetts's 1.01% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in Massachusetts?
Not the typical home: the typical Massachusetts home is worth $655,219 (Zillow, September 2026) and $120,000 supports about $416,000. 3 of 14 counties are within budget.